• Wheaties [she/her]@hexbear.net
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    3 days ago

    So far this year, according to Silicon Valley Bank, 58 percent of all VC investment has gone to AI companies

    Had to go check the publication date after that. The bank still exists?!

    • peeonyou [he/him]@hexbear.net
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      3 days ago

      yeah im pretty sure they crashed and burned a few years back… along with first national was it? JP Morgan Chase bought them both up I think as a sort of ‘bail out’ deal they were somewhat forced to do by the Biden admin, unless I’m totally misremembering things here.